Posted On: 04/30/2014 4:38:35 PM
Post# of 3337
QUOTE FROM TODAY'S NEWS
Peter Michaels, Hop-on CEO, stated, "As promised, Hop-on is not diluting the current shareholders. Further, there is no reverse split on the horizon. The debt could have been converted into common shares that would dilute the shareholders' positions. However, these agreements stipulated the preferred shares must be held for at least one year. This is positive for current and future shareholders, as the value of their investment should not be diluted, adding value to their commitment to Hop-on. These agreement prepare Hop-on's balance sheet for significant increase in stockholders' equity moving forward."
Peter Michaels, Hop-on CEO, stated, "As promised, Hop-on is not diluting the current shareholders. Further, there is no reverse split on the horizon. The debt could have been converted into common shares that would dilute the shareholders' positions. However, these agreements stipulated the preferred shares must be held for at least one year. This is positive for current and future shareholders, as the value of their investment should not be diluted, adding value to their commitment to Hop-on. These agreement prepare Hop-on's balance sheet for significant increase in stockholders' equity moving forward."
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